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Side-by-side financial comparison of Bandwidth Inc. (BAND) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $208.8M, roughly 1.2× Bandwidth Inc.). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 1.9%, a 9.3% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -15.3%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-88.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -1.6%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
BAND vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $249.0M |
| Net Profit | $4.0M | $28.0M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | -19.3% |
| Net Margin | 1.9% | 11.2% |
| Revenue YoY | 20.1% | -15.3% |
| Net Profit YoY | 200.0% | 124.3% |
| EPS (diluted) | $-0.08 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $249.0M | ||
| Q3 25 | $191.9M | $315.0M | ||
| Q2 25 | $180.0M | $342.0M | ||
| Q1 25 | $174.2M | $282.0M | ||
| Q4 24 | $210.0M | $294.0M | ||
| Q3 24 | $193.9M | $319.0M | ||
| Q2 24 | $173.6M | $360.0M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $28.0M | ||
| Q3 25 | $-1.2M | $-37.0M | ||
| Q2 25 | $-4.9M | $79.0M | ||
| Q1 25 | $-3.7M | $-98.0M | ||
| Q4 24 | — | $-115.0M | ||
| Q3 24 | $413.0K | $-40.0M | ||
| Q2 24 | $4.1M | $62.0M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -19.3% | ||
| Q3 25 | -1.0% | 1.6% | ||
| Q2 25 | -2.1% | 26.3% | ||
| Q1 25 | -2.7% | -82.6% | ||
| Q4 24 | -1.3% | -188.1% | ||
| Q3 24 | -0.5% | 15.4% | ||
| Q2 24 | -3.5% | 18.3% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | -0.6% | -11.7% | ||
| Q2 25 | -2.7% | 23.1% | ||
| Q1 25 | -2.1% | -34.8% | ||
| Q4 24 | — | -39.1% | ||
| Q3 24 | 0.2% | -12.5% | ||
| Q2 24 | 2.3% | 17.2% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.04 | $-0.40 | ||
| Q2 25 | $-0.16 | $0.84 | ||
| Q1 25 | $-0.13 | $-1.05 | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.01 | $-0.43 | ||
| Q2 24 | $-0.17 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $405.7M | $10.9B |
| Total Assets | $984.2M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $960.0M | ||
| Q3 25 | $80.4M | $711.0M | ||
| Q2 25 | $68.1M | $880.0M | ||
| Q1 25 | $41.7M | $1.5B | ||
| Q4 24 | $83.8M | $283.0M | ||
| Q3 24 | $79.9M | $290.0M | ||
| Q2 24 | $76.4M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $10.9B | ||
| Q3 25 | $392.7M | $11.0B | ||
| Q2 25 | $384.5M | $11.3B | ||
| Q1 25 | $345.4M | $12.6B | ||
| Q4 24 | $312.5M | $12.9B | ||
| Q3 24 | $336.6M | $13.6B | ||
| Q2 24 | $307.4M | $13.9B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $19.6B | ||
| Q3 25 | $1.0B | $19.1B | ||
| Q2 25 | $1.0B | $20.5B | ||
| Q1 25 | $964.4M | $21.4B | ||
| Q4 24 | $989.2M | $20.3B | ||
| Q3 24 | $1.0B | $20.9B | ||
| Q2 24 | $1.0B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $186.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $-88.0M |
| FCF MarginFCF / Revenue | -0.5% | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $186.0M | ||
| Q3 25 | $22.2M | $231.0M | ||
| Q2 25 | $31.7M | $232.0M | ||
| Q1 25 | $-3.1M | $90.0M | ||
| Q4 24 | $36.5M | $283.0M | ||
| Q3 24 | $20.5M | $208.0M | ||
| Q2 24 | $24.4M | $231.0M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-88.0M | ||
| Q3 25 | — | $-283.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $231.0M | ||
| Q3 24 | — | $152.0M | ||
| Q2 24 | — | $162.0M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -89.8% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 110.0% | ||
| Q3 25 | — | 163.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.94× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | 3.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
